Solids, who stated that is the “Fintach look, ‘failure failure after growth almost $ 81 million financing

Bank Startup-As-A-Service Solid (first wise man) filed for Chapter 11 protection of failure, second Documents Filed in the US failure court for the District of Declare on April 7.

Founded in 2018, FCTTECH company had lifted a total of almost $ 81 billion investors as the FTV capital. Solid it was rated at $ 330 million August 20 August, according to Pitchbook, when you announced A $ 63 million series b round of financing LED by Ftv.

Solid to Palo Alto and Urtical Save companies and offers, Payments, Payments, CRYPROGRENITIATE CRYPRENCE VIA EPIS EPIS EAST. The Company is useless as “the FCTTECH APS” and Claimed in 20 August Who had tortured 10x in the payment, he ruin their customers to 100 and become profitable. Now it is in the process of trying to restructure or sell itself, according to the documents.

“After considering all the options, they decided that a volunteer” “Co-Fundyer’s Heavagement, driving the utterance, driving to the company, the customers who intends to continue their business for this process.”

The solid was not able to go up more capital from their last funding and “tacken the significant and costly litigation”, according to failure filaments.

In 2023, solid was the purpose of a Due to Series by Series B Investor Ftv Capital FTVthat was trying to achieve its $ 61 million investing investment.

FTV capital suit said, between other things, that your solid culeaba the thefagrajan and raghav laltu “lie to Ftav. The firm also asked for dynagarajan and lalinum.

The beginning co-founders has pushed, filing a county against the FTV and his partner Robert Anderson. In La, about, they discriced to FTV to FTV to ANTICIPATA ‘, and claimed me what moment was more profitable than Fermo Fale of Fermo.

According to the Fortitude of Fatilet, Pharmal literation has been delivered in April 2024 “with prejudice to a settlement arrived from the parties.”

Due to the date of petition, solid their capital story has been tried to $ 760,000 trade with $ 7 million resting right now they have three employees.

The company has filed for below failure Subchapter vthat imposes the shorter terms to present reorganization plans and allow greater flexibility in restructuring shops with creditors.

The solid is not the first Baas startup to file for failure. LAST April, SINTMETY famous Filed for Chapter 11hoping to sell their assets in a selling $ 9.7 millions to another finth, tabapay. But. Tabapay walked. I am

Something both beggars had in common? Evolution Bank and trust was a partner bank. Noticeable, another fintech – Mercury – reported recently ended his relationship with evolving.

Finebhers always Jason Mikula and it Rk | CONSULTORS Posted about failure on X. According to the 20 most high creditors include shop in Amazon F. Bettor, Plaid, Trurio.

Techcuned reaching FTV for comment but had not heard back at the time of writing.